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PARAGRAPHBy Chaim Gartenberg. Libra came under heavy criticism.

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Top performing crypto	The Libra blockchain�like other blockchains�will provide a tamper-proof record of transactions on the network. People who use Calibra will have to trust Facebook's internal firewalls and security measures, of course. Americans for Financial Reform. More from Tech. Download as PDF Printable version. Facebook established the Libra Association later renamed to Diem Association to oversee the currency, founded in Geneva , Switzerland. The association hopes to grow to members with an equal vote.
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Fb crypto	Valdis Dombrovskis , Executive Vice-President of the European Commission for An Economy that Works for People, stated at the Digital Finance Outreach Closing Conference that the European Union is preparing a new cryptocurrency regime that may include stricter requirements for "global stablecoin" projects like Libra. Diem formerly known as Libra was a permissioned blockchain -based stablecoin payment system proposed by the American social media company Facebook. Diem will not rely on cryptocurrency mining. Marcus moved from Facebook Messenger to a new blockchain division in May Apache License 2.

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The first regulator response to Libra came within minutes of the launch announcement, from French blockchain at Facebook instablecoins to operate yet within.

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